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Creative Solutions: How'd they do it?
5 i. i/ H! @& Y1 tNothing says home like the living room couch; ?1 O* f: o7 X7 z! N. a0 n
$ s" A. ^% _* \" IAlexandra Zabjek
0 M ~6 h+ s7 tThe Edmonton Journal
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; N" Q' y C- m7 A pSunday, May 20, 2007
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1 d, N# {1 W) BStudent apartments aren't typically luxurious places, but soaring rents in Edmonton are forcing some students to pare down their living arrangements even more than usual.! H/ j2 x% b% J0 U6 u, K
! {- X8 J3 O, @* G* @% G, CAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.7 S. d: p0 j( Z/ f; S+ p
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Li and Chadwick, both students, split the $600 rent almost evenly -- Li gets the bedroom for $325 per month, while Chadwick pays $275 per month to put his bed in the living room.- E8 C; S8 q; O2 v# ]! o
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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% X: }! Z' t) k- l: p( TSharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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6 o7 p. `6 \- R3 t2 z# \"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."( U: D! J2 [; a8 o2 ], X
) C+ Z' m% w, g u/ {; ?7 ISplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.$ T6 T% @) m% _/ _8 v
0 \+ o9 l% M% q# a: e4 `7 _0 _: _SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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When Caitlin Crawshaw and her girlfriend bought a bungalow in Bonnie Doon last summer, it wasn't just the location that sold them on the 1950s era house. It was also the basement suite.
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"It wasn't originally part of our plan," Crawshaw says. "But as soon as we started looking at houses and seeing what the market was, we thought that maybe we should consider it."% B# E; g% |2 Y( A8 j! V0 J
0 G+ u2 G. o- c, }Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.3 [" @1 u3 }5 h. @
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The downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.8 W* L6 P* x0 Y4 G. N4 Z. g
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"It would be nice to have more space and to have another bathroom," she says.
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+ X9 s1 z% A3 m# u9 A2 ?( M"But it does work out quite well. I don't regret it. But I don't want to do it for more than five years -- I don't think that anyone does."2 L, @8 P' O5 {# p' J# q
© The Edmonton Journal 2007 |
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